Canadian Direct Insurance - The Role of Insurance in the Economy

Canadian Direct Insurance. What a pain! Your mortgage lender requires that you carry fir and other perils coverage (ie., homeowners) insurance and sometimes even flood or earthquake insurance. Your auto lender requires that you carry physical damage coverage. Under the laws of many states, you are required to carry auto liability and/or no-fault liability insurance, often including uninsured motorist and underinsured motorist coverages.

To many, insurance just represents dollars out of pocket with no benefit. This is an unfortunate attitude. Insurance plays a broad role in the worldwide economy, helping to assure that millions of transactions and other activities, economic and noneconomic, can proceed.